*The Gulf Arab states’ utility-scale energy storage market is expected to reach 1.5-2.5GW by 2027, compared to 0.1GW of capacity installed by 2021. This will constitute a growth of at least 15-fold by 2027 despite limited policy support, and persistent market and financial challenges.
*In the region, batteries are currently the largest source of energy storage system (ESS) and are dominated by the United Arab Emirates. These technologies will contribute significantly to planned capacity expansion, mostly through a large single-site application in Saudi Arabia. Additionally, pumped hydro storage is expected to provide half of storage expansion through announced projects in Saudi Arabia and the UAE.
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